Hah - yes, I would say that matters! You can definitely identify impact and scope clearly and there's no questioning that!
Ok, so let's assume you can get that 700+. The inherent issue becomes you don't have that many schools that offer structured 1 year programs. Kellogg, Cornell, Emory, and USC are probably the higher ranked options. I'd probably tell you to add Columbia's J Term to this list - it's not 12 months, but it's 16 and given their brand and network, might be worth the 4 extra months.
HOWEVER - let's go back to your original questions. Is a 1 year the right option. On one hand, it's a great way to get your MBA and tap into both the brand and the network. On the other, if you're looking to switch careers (e.g. HR), then you'd need the full 2 year program. The internship, involvement, and networking opportunities will be critical.
You're definitely not too old to apply to a full 2 year program - so don't let that stop you! And I understand it makes more financial sense to go for a 1 year but when considering this investment, keep in mind the saying "penny wise, pound foolish", right?
So with all that said - do you need or want a 2 year program? If the answer is no, then let's talk 1 year. But if the answer is yes or even maybe, then you have a little introspection ahead of you!
Bhavik